Block:
Name:
Ch. 1.1 Ratios and Proportions
AWM 10
Date:
Notes
RATIO: a comparison between two numbers with the same units
Can be written in several ways:
12
c)—
b)12:40
a)12 to 40
40
Always SIMPLIFY ratios to LOWEST TERMS!
12 and 40 can both be divided by 4 to give 3:10
Ex. 12:40
3:10 is the same ratio as 12:40
-
-
PROPORTION: fractions that are equal (like reduced fractions)
12 3
is a proportion
=
Ex.
40 10
—
—
Using Charts to Solve Problems:
Ex. #1) You are making cookies and the recipe calls for 2 eggs. Your sister says you have
enough ingredients to make 6 batches of cookies. How many eggs would you need?
Batch
1
2
3
4
5
6
Number of Egg
2
4
6
8
10
12
You would need 12 eggs for the 6 batches of cookies.
Usingiebra and Proportions to Solve Problems:
Ex #2) At work as a mechanic you use litres of oil and coolant at a ratio of 2:1. Your boss
asks you to order 600litres of oil, how many litres of coolant should you order?
Ex #3) You are working at a paint store and need to mix a certain shade of paint. You need
to add 3 parts blue to 1 part green, or 3:1 (so there are 4 parts in all). You want to make 6
litres of paint in total, how many litres of blue paint should you add?
RATE: a comparison between two numbers with different units (is like a ratio but with 2
different units)
25km
C)
Ex. A) 25km:lhour B) 25km/hour
1 hour
Ex #4) You are at the store to buy candy and you find you can get 200 fuzzy peaches for
$6.29. How much would it cost you to buy 60 fuzzy peaches? (assuming you don’t get a deal
for buying more).
Block:
Name:
Date:
Ch. 1.1 Ratios and Proportions
AWM1O
Assignment
1. Solve for X by cross multiplying.
24
a)
c)
e)
g)
—
1812
40
60
28
x
87 blankets
x bundles
7
168 km
2hr
b)
x
d)
24 blankets
8 bundles
x
h)
—
—
548 km
xhr
6 pizza slices
2 people
25
x
45
x
x pizza slices
21 people
2. A hairdresser mixes brunette hair colouring for a client using 20 mL hair colour, 4OmL coulour
developer, 15 mL conditioner, and 3 mL thickener. Find the following ratios and simplify them to lowest
terms. Express your answers as fractions.
a)
The ratio of hair color to thickener
b)
The ratio of thickener to conditioner
c)
The ratio of colour developer to hair colour.
d)
If this treatment costs the customer $68.00 and the cost of labour and materials used is
$14.20, what is the ratio of customer price to actual cost?
3. If the ratio of yellow pigment to blue pigment in a shade of green paint is 2:3, how many drops of
yellow paint will be needed if 12 drops of blue are used?
4. If 5 cm on a map represents 2.5 km of actual ground, how many centimeters would 15 km of actual
ground be on the map?
?
2
2 of wall space, how many cans will you need to paint 220m
5. If a can of paint will cover 48 m
6. The ratio of teeth on a pair of driving gears is 13:6. If the larger gear has 52 teeth, how many does
the smaller hear have?
7. If Stephie can type 75 works per minute, how long will it take her to type an 800-word term paper? Is
this a rate or a ratio problem?
8. If the ratio of flour to sugar in a recipe is 3:2, how much flour would you need if you used 1.5 cups of
sugar?
9. If a machine can produce 85 parts in 40 minutes, how many parts can be produced in 8 hours?
(Hint: turn 40 minutes into a decimal)
10. Property taxes are based on the value of the property. The tax on a house valued at $1 900 000.00
is $6500.00.
a) What is the tax on a house valued at $790 000.00?
Block:_______
Name:
Date:
Ch. 1.2 Unit Price
AWM1O
Notes
UNIT PRICE: the cost of one unit; is a rate with a fraction denominator of 1.
Aka
Very useful when finding out which brand or product is the cheapest.
Ex. 1) You are running a greenhouse and want to buy some new tomato seedlings.
Company A sells 20 plants for $45.95 and Company B sells 24 plants for $48.50.
a) What is the unit price at each company?
FIND OUT HOW MUCH ONE PLANT WOULD COST AT EACH COMPANY!
b) What is the unit price difference (how much will you save per plant by going with
the best buy)?
Ex. 2) You go to the store and you want to buy a bag of chips. The type you want comes in a
200g bag for $1.00 or a 750g bag for $2.70. Which size is the better value?
Unit rate can be used to find the amount it costs for more than one item.
Ex. 3) You go to the store and find that you can buy 2 frozen pizzas for $15.75. How much
will it cost you to buy 5 frozen pizzas?
Block:_______
Name:
AWM1O
1.
2.
a)
Ch. 1.2 Unit Price
a) 12 bottles for $6.40
b) $5.20 for 10 pencils
c) $l2for24pens
d) 18 bags of chips for $6.99
Date:_____
Assignment
During the summer, Dean works as a cashier in a store near Saskatchewan’s Greenwater Lake
Provincial Park. The store sells a case of 12 bottles of water for $8.50 and individual bottles of
the same brand of water for $1.55.
Approximately how much does each bottle of water in the case of 12 cost?
b)
How much would a customer save by buying a case of water, as opposed to 12 individual
bottles? (Hint: find out how much 12 individual bottles cost)
3.
a)
Maureen purchased enough carpet to cover a rectangular room measuring 7 metres by 12
)
2
metres. The carpet costs $8.15 per square metre. (Hint: Area = LX W (m
How much carpet did Maureen buy? (Area = Lx W)
b)
How much did the carpet cost?
4.
a)
Tyler is a self-employeed sheet metal worker. He purchases 25 sheets of aluminum that
measure 4 feet by 8 feet. The cost is $4000.00 before tax and shipping.
How much does 1 sheet cost?
b)
What is the price per square foot? (hint need to use the area formula)
5.
A painting business buys paintbrushes from a supplier in cases of 6. One case costs $31.29.
How much do two brushes cost? (hint: find out the cost of one first)
6.
Which is a better buy, 8 ounces of Brie cheese for $4.95 or 12 ounces for $7.49?
7.
Debbie is a cook in a restaurant that is open 6 days a week. She is responsible for recording and
monitoring the amount of money she spends on food. In the summer, she uses an average of 9
loaves of bread per day. The bread comes from a wholesale distributor.
How many loaves of bread should Debbie plan to buy each week?
a)
b)
If bread costs $1.25 per loaf, how much money should Debbie budget to purchase it, for the
month of June? (assume that there are 4 weeks in June)
8.
The cost of a 355 mL can of juice costs $1.25 in a vending machine. A 1.89 L carton of the same
juice costs $3.89 at the grocery store. How much would you save per mL if you bought from the
grocery store instead of from the vending machine? (Hint: 1 L equals 1000 mL)
9.
Patricio is ordering cartons of detergent for resale in his store. He can order a carton of 12 for
$34.68 plus $5.45 for delivery, or a carton of 18 for $51.30 plus $6.25 for delivery. Which is the
better buy, and by how much per unit?
19
Block:
Name:
AWM1O
Date:
Ch. 1.3 Setting a Price
Notes
Prices are figured out based on supply and demand, but also on how much the
materials and labour cost that went into creating of the product. To make a profit, retailers
mark up their products by a percentage of the price they paid for it (the wholesale price).
Retailers also set prices based on what they think will look like a lower price, like $3.99
instead of $4.00, or $2.39 per bOg rather than $23.90 per kg (which are the same price!).
Finding a Selling Price:
Ex. 1) You are managing at a clothing store and you can buy a pair of jeans for $55.00. You
need to charge a 45% markup to make a profit. What price should you sell the jeans for?
Method #1: Find the amount of mark up and add it to the wholesale price.
Method #2: Find the new price directly.
Ex. 2) More realistically the jeans would be sold at a 125% mark up.
A) How much money would be made on each pair of jeans?
Use Method #1 to find the markup.
B) How much should the $55.00 pair of jeans be sold for now?
Use Method #2 to find the total price.
Finding the percent Markup:Percent Markup: Find the difference in the prices and divide
this by the original price (don’t forget to multiply by 100%)
Ex.4) You bought an old car and fixed it up. You bought the car and fixed it up for a total of
$1600. You sell the car for $2500. What was your percent markup on the car?
20
Block:_______
m
Ch. 1.3 Setting a Price
AWM1O
1.
Calculate the following percentages.
a)
5%of72
c)152% of 200
e)0.5% of 1750
2.
Assignment
b) 275%of8
d) 6-%of 700
4
f) 78% of 20
An electrician buys his material at the local hardware store, then charges his customer 20%
more. The material for a given project is $253.75 at the hardware store.
a) What is the markup?
b)
3.
Date:
How much does he charge the customer for the material?
Gerald owns a pet store that serves Yorkton, SK. He bought cat collars at $7.33 each and
marked them up $2.66. What was the percent markup?
2(
4.
Maria is a florist in a small boutique. If Maria paid her supplier $8.50/doz for roses and sold
them for $19.95, what was the percent markup?
5.
Because customers have been stingy with their tips, Maurice has decided to increase the cost of
meals in his restaurant by approximately 12%. How much will he now charge for a grilled
salmon filet that used to cost $17.95?
21
Block:
Name:
AWM1O
Date:
Ch. 1.3B Taxes
Notes
As we all know, tax is also added to the price to find the total price. All Canadians pay a
Goods and Services Tax (GST) and most provinces have a Provincial Sales Tax
% in GST and PST.
PST rate. Thus we pay
(PST). British Columbia has a
People like to go to Alberta to shop since they don’t have PST. Some provinces just have
one tax = Harmonized Sales Tax (HST) which combines GST and PST together.
Adding Taxes:
Ex. 1) You purchase a new bed frame in Winnipeg, Manitoba (where PST
5%) for $599.00.
A) How much will you pay in taxes?
=
7% and GST
=
Method #1: Find each tax amount and then add the values to the original price
...or if you didn’t need to do part A) you can find the total price like in Method #2
before...
More than one step:
Ex. 2) You are buying a couch and see that its original price is $1299.00 and its on sale for
25% off. Calculate how much you would pay after taxes (12%).
23
Block:_______
Name:
AWM1O
Ch 1.3B Taxes
1.
Calculate the following percentages.
a)
12%of72
c)152% of 500
D ri
Assignment
b) 7%and5%of8
d) 56%of 700
4
e) 0.25% of 1750
2.
Garth buys snow tires from a dealer in Calgary, Alberta. The tires cost $79.00 each. In order to
make a profit, he must mark them up 40%. How much must a customer pay for 4 tires if there is
a 12% HST on the final sale?
Hint: this requires 3 steps (#1: finding the new price with the mark up, #2: there are 4 tires, #3:
finding total with HST)
3.
The wholesale cost of a certain brand of T-shirts is $132.00/dozen. To cover costs and make a
profit, Lorena marks them up by 75%. If GST is 5% and PST is 7%, what will a customer have to
pay for 1 T-shirt?
4.
An MP3 player that Harry wants to buy sells for $89.95 in BC where there is 5% GST and 7% PST.
When he is on holiday in Alberta (where there is only the 5% GST), Harry sees the same MP3
player for $94.89. Which is the better buy and by how much?
5.
a)
Mary works in a flower shop and buys flowers wholesale. She can purchase a dozen roses for
$7 and she then marks them up 150%.
How much would a customer have to pay for the roses?
b)
If there was 7% PST and 5% GST what is the total cost now?
6.
George is taking his family out for dinner and they order the following amount for their meals:
Sara $12.99
George $11.95
Billy $6.99
Dale $7.99
They each ordered a drink for $2.99 each.
a)
How much did they spend on their total bill if they had to pay GST 5% and PST 7%.
b)
George also tips 20% on the total before taxes. How much will George spend in total for
dinner?
Block:_______
Name:
AWM1O
Date:
Ch. 1.1-1.3 Quiz
Practice Quiz
(10 marks)
1) You are managing a popular new band. Each of the songs the band plays is 4 minutes
long. You need to let the venue where the band will be performing know approximately
how many songs they will play in two hours. Which is the best estimate?
c) 20 songs
a) 8 songs
d) 30 songs
b) 12 songs
2) Whose rate of pay is the highest?
a) Antoine earns $66.00 in 8 hours.
b) Laurie earns $72.00 in 5 hours.
c) Ken earns $51.00 in 5 hours.
d) Sara earns $89.00 in 6 hours.
3) You are working at convenience store and your boss tells you to mark up the new brand
of chocolate bars by 70%. If the store paid $0.60 for each chocolate bar, what should
you put as the selling price?
c) $0.42
a) $0.60
d) $1.02
b) $0.78
4) You live in Chilliwack and walk to the corner store to buy a slurpee. The price is $1.69.
How much tax will you pay on the slurpee? (HST = 12%)
c) $1.49
a) $1.89
d) $0.35
b) $0.20
5) You are on a road trip with your family and you stop at a mall in Manitoba to get a new
sweater since it is so cold. The sweater is $39.99. How much will you pay at the cash
register for the sweater (GST = 5%, Manitoba PST = 7%)
c) $41.99
a) $42.78
d) $46.99
b) $44.79
6) Solve the following proportion for x. Show all your work. (2 marks)
5/4 = 30/x
7)
Patrick and Lylah work as lift truck operators in a warehouse. They can unload pallets
of goods off transport trucks and shelve them at the same speed. It takes Patrick 1 hour
to unload and shelve 17 pallets. How long would it take Lylah to unload and shelve 25
pallets? Show your work. (3 marks)
Block:_______
Name:
AWM 10
Date:
Ch. 1.4 Sale Prices and Promotions
Notes
Sale prices and promotions are very common to see as you are shopping. It is
important to be able to figure out what the best price is when you are comparing sale
prices and promotional offers.
PROMOTION: an activity that makes people more aware of a product or makes them more
likely to buy the product
Finding a Sale Price using Percent Discounts
Ex. 1) You are running your own flooring company and have lots of extra slate tile left in
stock. You originally sold the tiles for $6.99 per square foot.
i) If you offer the tiles at 15% off, what will be the new price be?
ii) What will be the price for 50 square feet of slate before taxes?
iii) What will be the price of the 50 square feet of tile after taxes (in BC 12%)?
27-
Ex. 2) You are on an adventure to Nunavut, but you have forgotten your jacket. You go into
a store and they have a jacket that is normally $349.95 on sale at 40% off and in you size!
There is no PST in Nunavut, how much will you pay for the jacket.
Find the discounted price first:
Method #1: (like before) Find the discount amount and Subtract
Method #2: Subtract from 100% to see what percent you will pay and find the
amount.
Now find the price with tax:
Finding the percentage an item is discounted by: (again find the difference, divide by
the original price and multiply by 100%)
Ex. 3) You look in the newspaper and find an add for a car stereo you want to buy. It
is normally $499.95, but it is on sale for $349.99. What percent of a discount are
you receiving?
2
Block:
Name:
AWM1O
1.
Date:
Ch. 1.4 Sale Prices and Promotions
Assignment
In Abbotsford, BC, Mack works as a used car salesman. He offers a 15% reduction to repeat
customers. If the price marked on the car is $9879.00, how much will it be reduced for a repeat
customer?
a)
A fishing rod originally priced at $49.98 is reduced by 30%.
How much is the discount?
b)
What will the cost be before tax?
3.
Senior citizens are offered a 20% discount on their lunch on Tuesday’s in Hay River’s local diner.
How much will Rita and Dick, both senior citizens, save if they order the teriyaki chicken salad at
$14.98 and the pork cutlets at $17.98? (Ignore taxes)
4.
A can of paint is listed at $59.95. There is a 20% reduction for contractors. How much will the
contractor save on the list price if he buys 5 cans?
2.
5.
A furniture store offers a “Closing Out Sale: Everything 80% off”.
a)
How much will you pay for a bedroom suite that was originally priced at $2989.97 with 80% off
and GST is 5% and PST is 7%?
b)
What is your total savings in this transaction?
6.
Robert sells bicycles, skateboards, and snowboards at this sporting goods store. A bicycle that
was originally prices at $785.00 sold for $553.00. What percent markdown did Robert offer?
7.
Cameron is buying new computers for his office. Each computer costs $789.00. He is told that
th
one free. What will be his percent saving compared to
if he buys 5 computers, he can get a 6
buying all 6 at regular price?
30
a)
The wholesale cost of a tawa, or griddle used for cooking Indian flatbred is $53.00. The
merchant marks it up 65%. At the end of the season, he sells the remaining items at 60% off.
What was his original asking price?
b)
What was the end of season sale price?
c)
How much would a customer pay when it was on sale, including 5% GST and 5% PST?
d)
What would the total actual savings be if it were bought on sale?
8.
Name:
AWM1O
Block:_______
Date:
Ch. 1.5 Currency Exchange Rates
Notes
CURRENCY:
When people travel, they need to be able to pay for items in the currency of the country
they are going to visit. When businesses buy or sell items with businesses in other countries they
need to understand each other’s currency and how much it is worth compared to their own
currency so they can get a fair price. The exchange rates change daily based on what is going on in
different countries. In order to change one type of money into another, you need to use a currency
exchange: a business that buys one type of money and sells you another type of money...for a fee
of course!
EXCHANGE RATE:
Ex. One Canadian dollar is worth $0.95 78 American dollars
BUYING RATE:
Ex. If you want the currency exchange to BUY back pesos you have left over from a
trip to Mexico
SELLING RATE:
Ex. If you want the currency exchange to SELL you Euros for a trip to Europe
Note #1: the buying and selling rates talk about what the CURRENCY EXCHANGE is doing, not
what you are doing!
Note #2: All 3 rates are UNIT RATES like in Ch. 1.2
*Unless you are told the rate in your question, assume the rates in the chart are 1 unit of foreign
currency = the rate shown in CAD.
Comparing Currency Values:
Ex. 1) Which Currency on the list is worth the most?
Table shows amount of foreign currency per 1 Canadian dollar, so need to find the largest number.
Ex. 2) Which countries have currency worth less than the Canadian dollar?
An exchange rate of 1.000000 would mean the currencies are worth the same, so
Ex. 3) Which currency is the closest in value to the Canadian dollar
Answer the one closest to 1.000000, since that would mean they are exactly the same.
32
Canadian Bank Foreign Exchange Rates for Buying and Selling
(cash rates for June 28, 2009)
Australia
Brazil
Canada
Cayman Is.
Euro
France
Great Britain
Hong Kong
Currency Name!
Currency Code
Dollar (AUD)
Real (ORL)
Dollar (CAD)
Dollar (KYD)
Euro (EUR)
Franc (FRF)
Pound (GBP)
Dollar (HKD)
India
Rupee (INR)
Indonesia
Rupiah (IDR)
Israel
Japan
Shekel, New (ILS)
Yen (JPY)
Peso (MXN)
Country
Mexico
Philippines
Saudi Arabia
South Africa
South Korea
Switzerland
United States
Peso (PHP)
Riyal (SAR)
Rand (ZAR)
Won (KRW)
Franc (CHF)
Dollar (USD)
Buying Rate
Selling Rate
0.8788
0.5046
0.9926
0.6578
—
—
1.2568
1.5552
0.2222
1.8413
0.1389
0.01964
0.000089
0.2554
0.011647
0.0760
0.02084
0.2734
0.1233
0.000774
1.0213
1.1210
1.5000
1.6877
Refer to Euro
1.9681
0.1597
0.03034
0.0001 30
0.3241
0.012579
0.0927
0.02839
0.3338
0.1598
0.001 050
1.1085
1.1810
Using$elling Rate (when you are buying foreign currencv)i
Ex. 4) You are planning to attend Project Help Mexico with the school this year so you can build
houses for families in Mexico. The teacher in charge of the trip tells you to bring along
approximately 1000 pesos. How much will that cost you in Canadian dollars?
You are buying, but the currency exchange is selling, so look up the selling rate for pesos.
1 peso = $O.0927 Canadian
Method #1: Set up a proportion
Let x represent the amount of Canadian dollars it will cost you.
lpeso
.0927can
1000 peso
x
.
Solve the proportion for x like we did in Ch. 1.1
(cross multiply & divide)
Note: Always round to the nearest cent (same as 2 decimal places)
33
Method #2: Use the units to cancel out and you will be left with the value of the
currency you need.
Write the value you have and multiply it by the selling rate with the unit you “want” on the
top and the unit you “want to get rid of” on the bottom.
1000 pesos x $0.0927 Canadian
ipeso
$92.70 Canadian
Note: Help keep track of the units by actually crossing them out as you do the calculation.
Ex. 5) Your friend Bob and his parents are going to Disneyland. They invite you to come along and
tell you all you need to do is bring money to get into Disneyland and pay for food while you are
there. They tell you to bring the equivalent of $300 Canadian in American dollars. How much
American money is $300 Canadian?
Method #1: Set up a proportion (hint: the bank is selling you American $)
Let x represent the amount of American dollars you need.
The bank will be selling you American dollars, so look up the selling rate.
1 American dollar = $1.18 10 Canadian
$1.1810 CAD
$1 USD
=
$300 CAD
x USD
Solve the proportion for x like we
did in Ch. 1.1 (cross multiply & divide)
Method #2: Use the units to cancel out and find the answer.
Write the value you have and multiply it by the selling rate with the unit you “want”
on the top and the unit you “want to get rid of” on the bottom.
Buying foreign currency with a given rate.
Ex.6) Given the following information, calculate how much of the foreign currency you would get
for $500.00 CAD. Round to the nearest whole unit. ($1 CAD = 6.43033 Chinese Yen)
341
Using Buving Rate (when you are selling foreign currency):
Ex.
7)
You spent
You go to Europe with the school spring break trip and you brought 800 Euros.
Canadian dollars.
625 Euros. When you return, you want to change your left over Euros back into
How much will you get back?
Find out how much you have left:
Euros left over
You are selling, but the currency exchange is buying, so look up the buying rate for
Euros (any European country will work to look up).
1 Euro =
Method #2: Use the units to cancel out
Block:
Name:
Ch. 1.5 Currency ExchangRates
AWM1O
1.
a)
2.
Date:
Assignment #1
Given the following information, calculate how much of the foreign currency you would get for
$500.00 CAD. Round to the nearest unit.
b) $1.00 CAD is worth 1.41046 Turkish lira
$1.00 CAD = 95.4911 Japanese yen
Cam is training to become a customer service representative at a credit union in Saskatoon, 5K.
One task he must familiarize himself with is converting currency. Given the following exchange
rates compared to the Canadian dollar, (remember 1 unit of foreign currency = the rate in CAD)
calculate how much foreign currency Cam would give to a customer who wished to convert
$500 CAD.
a)
1 Mexican peso
c)
=
0.0818085 CAD
One British pound
=
b) 1 Estonian kroon
=
0.0939564 CAD
1.3376 CAD
3.
Calculate the amount you would get in Canadian dollars if you sold the following.
b) $1.00 CAD is worth 1.41046 Turkish lira
a) $1.00 CAD = 95.4911 Japanese yen
900 Turkish lira
8750 Japanese yen
4.
Calculate how many Canadian dollars you would get for each of the following:
b)) One British pound = 1.3376 CAD
a) 1 Mexican peso = 0.0818085 CAD
145 British pounds
6750 Mexican peso
5.
Given the exchange rate of 0.1736 between the Norwegian krone and the Canadian dollar, what
would the price be in Canadian dollars of an item that cost 275 kroner? (one Krone = .01736
CAD)
6.
A hand-woven shawl costs 35 Botswana Pula. How much does it cost in Canadian dollars if the
exchange rate is 0.1515? (one Pula = 0.1515 CAD)
7.
If the selling rate of the Omani Rial is 2.96845 (one Rial= 2.966845 CAD) and the buying rate is
2.86145 (one Rial = 2.86145 CAD), how much would you lose if you bought and then sold
$800.00 CAD on the same day?
Block:_______
Name
AWM1O
Date:
Ch. 1.5 Currency Exchange Rates
Assignment #2
You will be using the following chart to answer this worksheet.
Canadian Bank Foreign Exchange Rates for Buying and Selling
(cash rates for June 28, 2009)
Country
Currency Name!
Currency Code
Australia
Brazil
Canada
Cayman Is.
Euro
France
Great Britain
Hong Kong
India
Indonesia
Israel
Japan
Mexico
Philippines
Saudi Arabia
South Africa
South Korea
Switzerland
United States
Dollar (AUD)
Real (BRL)
Dollar (CAD)
Dollar (KYD)
Euro (EUR)
Franc (FRF)
Pound (GBP)
Dollar (HKD)
Rupee (INR)
Rupiah (IDR)
Shekel, New (ILS)
Yen (JPY)
Peso (MXN)
Peso (PHP)
Riyal (SAR)
Rand (ZAR)
Won (KRW)
Franc (CHF)
Dollar (USD)
Buying Rate
Selling Rate
0.8788
0.5046
0.9926
0.6578
1,2568
1.5552
0.2222
1.8413
0. 1389
0.01964
0.000089
0.2554
0.011647
0.0760
0.02084
0.2734
0.1233
0.000774
1.0213
1.1210
1.5000
1.6877
Refer to Euro
1.9681
0.1597
0.03034
0.000130
0.3241
0.012579
0.0927
0.02839
0.3338
0.1598
0.001050
1.1085
1.1810
This table shows the buying and selling rates (note it is from the banks perspective).
Lets take a look at the US dollar:
Buying Rate of $1.1210: means that the bank will buy your US money and give you $11210 CAD for
every $1 US you have. (you will end up multiplying your US money by this rate)
Selling Rate of $1.1810: means that the bank will sell you US money and they will charge you $1.1810
CAD for every $1 US you have (you will end up dividing your CAN money by this rate)
***No matter which rate you use the rates given are always given in CAD money, thus it will always
CAD
work out to 1 foreign dollar =
1.
How many American dollars would you get for $400 CAD.? (Hint the bank is selling)
CAD. Look this up on the chart
1 USD =
2.
How many Canadian dollars would you get for $675 US?
CAD
1USD=
3.
What is $2000 Canadian worth in Euros?
1EUROS=
4.
CAD
Danielle has $100,000 pesos left after her vacation, how much is this in Canadian money?
1 PESOS
=
b) How much in US money? (hint once in CAN convert to US)
1USD=
5.
CAD
Carol is going to Las Vegas for three nights. The hotel costs US$174 per night. She plans to
attend two shows: a circus show for US$125 and a comedy show for US$45. She has C$750 to
spend on the hotel and shows. How much will Carol have left (if any) in Canadian dollars?
39
6.
A Japanese tourist arrives in P.E.I with 15 000 in spending money for souvenirs.
a) How much is 15 000 in Canadian dollars?
b)
7.
Patrick refurbishes motorcycles. He found a part he needs while surfing the Internet. The part
is priced in British pounds at £30. The shipping cost is £4.20. In a town near Patrick, the same
part costs C$84.75, tax included.
a) Which source has the better price for the part?
b)
8.
During a visit to Green Gables, the tourist purchases an Anne doll for C$30. How
much is that in Japanese yen?
By how much?
Convert the following (be careful
£400 British pounds to US
a)
—
you have to convert to CAD first). 2 calculations!
b) 10 000 Japenese yen to Mexican pesos
140
Date:
Block:
Name:
Ch. 1 Review
AWM1O
Assignment
1.
Solve ratios & proportions by cross multiplying.
a)
30=x
12
10
b)
6 slices of apple pie
3 people
c)
165 km
2hr.
2.
To find a unit rate divide the price by the number of items.
a) A case of 12 coke costs $4.55. How much per can?
3.
d)
=
=
x pie slices
24 people
If 5 cm on a map represents 4 km of
actual ground, how many centimeters
would 15 km of actual ground be on the
map?
550 km
x
b)
If it costs $99.82 to put 90L of gas tank in my truck. What is the price per litre?
c)
A case of 8 mangoes costs $7.98 or you can buy them individually for $0.89 each. Which is
the better deal?
d)
Paint brushes come in a 6 pack for $29.99. How much for 2 brushes?
Find the selling price of each item? (Remember discount is less than the regular price and
mark-up is more than the regular price).
c) Cost of a t-shirt: $20.99.
a) Original price of concert tickets:
Mark-up: $46%
$149.95. Discount: 50%
b) Original price of a bicycle: $699.50.
Discount: 20%
d) Cost of a kitten: $149.95.
Mark-up: 80%
e)
Original price of an iPod: $259.95.
Tax: 5%
f)
Original price of a car: $699.00.
Tax: 12%
g)
Cost of a lizard: $7.50.
Mark-up: 50%, Tax: 5%
h) Cost of a camera: $774.99.
Mark-up: 60%,
Discount: 20%
i)
Cost of an MP3 player: $29.99.
Mark-up: 78%
Discount: 20%
Tax: 1%
j)
Cost of a tie: $35.99.
Mark-up: 90%
Discount: 20%
Tax: 5%
Block:_______
Name:________________________________
Date:______________
Ch. 1 Test
AWM1O
Practice Test
(34 marks)
Canadian Bank Foreign Exchange Rates for Buying and Selling
(cash rates for June 28, 2009)
Country
g’
Australia
Brazil
Canada
Cayman Is.
Euro
France
Great Britain
Hong Kong
India
Indonesia
Israel
Japan
Mexico
Phi[ippines
Saudi Arabia
South Africa
South Korea
Switzerland
United States
Dollar (AUD)
Real (BRL)
Dollar (CAD)
Dollar (KYD)
Euro (EUR)
Franc (FRF)
Pound (GBP)
Dollar (HKD)
Rupee (INR)
Rupiah (IDR)
Shekel, New (ILS)
Yen (JPY)
Peso (MXN)
Peso (PHP)
Riyal (SAR)
Rand (ZAR)
Won (KRW)
Franc (CHF)
Dollar (USD)
Buying Rate
Selling Rate
0.8788
0.5046
0.9926
0.6578
—
—
1.2568
1.5552
0.2222
1.8413
0.1389
0.01964
0.000089
0.2554
0.011647
0.0760
0.02084
0.2734
0.1233
0.000774
10213
1.1210
1.5000
1.6877
Refer to Euro
1.9681
0.1597
0.03034
0.000130
0.3241
0.012579
0.0927
0.02839
0.3338
0.1598
0.001050
1.1085
1.1810
1. Steve will be going to a construction trade show in Paris this year. His budget is $1800.00
CAD. If the bank’s selling rate is one euro for $ 1.644 814 CAD, how many euros will he have
to spend in Paris?
2. In 2008 the starting wage for a barista in Wyoming was 8.90 IJSD per hour. At the
same period the starting wage for a barista was 5.25 GBP per hour in London, England.
Calculate the difference between the two wages. (1.0000 USD = 0.6049 GBP).
3. A customer wants to exchange 400 CAD for Swiss Francs (CHF). How should the clerk at
the bank calculate the number of CHF to give him?
A. Use 1.02 13, since the customer is buying CHF, and divide this amount by 400.
B. Use 1.02 13, since the customer is buying CHF, and multiply this amount by 400.
C. Use 1.1085, since the bank is selling him CHF, and then divide 400 by this amount.
D. Use 1.1085, since the bank is selling him CHF, and multiply this amount by 400.
4. Taylor and her best friend, Verna, want to buy 3 DVDs that are regularly priced at $20.00
each. Today, three stores, A, B, and C, have the DVDs on sale. At which store will the friends
spend the least amount of money if they buy 3 DVDs?
A. StoresCandA
Sale offer
Store
B. Store A
All 3 DVDs for 30% off!
A
C. Store B
Buy two and get one free!
B
D. Stores CandB
Buy one and get two half price!
C
5. Organize the following items from lowest to highest unit price.
1
II
III
45Ogfor89e
2.3 kg for $3.98
2.5 kg for $3.54
6. A teaching supply store sells scientific calculators in boxes of 9 for $53.93. A small local
store sells identical calculators for $6.95 each. Susan has a budget of $335.00 and has 51
students.
Where should she buy the calculators and why?
A. at the local store because the unit price is lower
B. at the teaching supply store because the unit price is lower
C. at the local store because she will not go over budget with the purchase of 50 calculators
D. at the teaching supply store because she will have extra calculators for the following
school year
7. You are working at convenience store and your boss tells you to mark up the new brand
of chocolate bars by 80%. If the store paid $0.65 for each chocolate bar, what should you
put as the selling price?
8. You live in Chilliwack and walk to the corner store to buy a bag of chips. The price is
$3.89. How much tax will you pay on the bag of chips? (HST = 12%)
9. The cost of 6 hot dog buns is $2.59 and the cost of 1 dozen tofu wieners is $2.88.
Determine the price per serving (1 bun + 1 wiener).
10. To fill a coffee mug at a local shop costs $2.30. The shop sells coffee beans for $14 per
pound. Each pound makes enough coffee to fill the mug 100 times. Approximately how
many times greater is the cost of drinking the coffee at the shop compared to drinking it at
home?
11. Senior citizens are offered a 15% discount on their lunch on Tuesday’s in Hay River’s
local diner. How much will Rita and Dick, both senior citizens, save it they order the
teriyaki chicken salad at $14.22 and the pork cutlets at $16.99 (not including taxes).
12. A clock originally priced at $69.99 is reduced to $42.50. Find the % decrease in price.
13. At Computerland, 8 gigabytes of RAM costs $225. How would the cost of 30 gigabytes of
RAM be calculated based on the amount of RAM?
14. Whose rate of pay is the highest?
A. Antoine earns $56.00 in 7 hours.
B. Laurie earns $62.00 in 6 hours.
C. Ken earns $59.00 in 6 hours.
D. Sara earns $86.00 in 7 hours.
15. Solve the following proportions for x. Show all your work. (1 mark each)
8 people
=
5 people
B.
A. .16.= x
x
14 doughnuts
4
6
Lfc5
16. Calculate the following percentages. Show all your work. (1 mark each)
B. 18% of 42
A. 195% of 5
17. Find the UNIT RATE of each of the following: Show your work. (1 mark each)
B. 28 m of tape for $1.90
A. 55 nails for $3.85
18. Sardis Secondary has started its annual rice raiser food drive. To support the drive,
local grocery stores have advertised a sale on rice. Two different brands of rice are
available in large quantities. “Lilly white” brand is being sold at $18.99 for 9kg of rice.
“Hidden Valley” brand is being sold at $33.69 for 15kg.
A. Which of these two brands has the best price for 1 kg of rice? (3 marks)
B. If a school raises $400.00 to buy rice to donate to the cause, how many
kilograms (kg) of the lowest-priced rice can the school buy? (2 marks)
19. Mitchell and Eddie are volunteering at the local food bank. They can sort pallets of
food and shelve them at the same speed. It takes Mitchell 2 hours to sort and shelve 16
pallets. How long would it take Eddie to sort and shelve 26 pallets? (3 marks)
20. You find a pair of boots advertised as 33% off. The boots are regularly $115.50.
A. How much do you save on the boots with the sale price? (2 marks)
B. What price would you pay for the boots with the sale price? (1 mark)
C. If you are in Alberta and you just have to pay GST (5%), what would be the final
price of the boots? (3 marks)
21. Logan has a part-time job working 13 hours a week. His pay is $135.20 a week. Theresa
has a part-time job working 9 hours a week. Her pay is $95.40 a week. (1 mark each)
A. Find the ratio of the number of hours Logan works to the number of hours
Theresa works during a week.
B. Find Logan’s’ hourly rate of pay.
C. Find Thom’s hourly rate of pay.
D. Find the ratio of Logan’s hourly rate of pay to Thom’s hourly rate of pay.
L47